| PROPERTY AND EQUIPMENT, NET |
NOTE 4: PROPERTY AND EQUIPMENT, NET
Property and equipment consist of the following:
| |
|
December 31,
2023 |
|
|
December 31,
2022 |
|
| Furniture |
|
$ |
2,277,017 |
|
|
$ |
2,252,686 |
|
| Computers |
|
|
1,417,365 |
|
|
|
1,384,542 |
|
| Production equipment |
|
|
227,941 |
|
|
|
245,713 |
|
| Tooling and molds |
|
|
14,079,600 |
|
|
|
8,737,114 |
|
| Automobiles |
|
|
412,509 |
|
|
|
412,509 |
|
| Application development |
|
|
1,614,483 |
|
|
|
4,258,916 |
|
| Website design |
|
|
- |
|
|
|
1,399,029 |
|
| Steelbox |
|
|
883,320 |
|
|
|
882,000 |
|
| Leasehold improvements |
|
|
5,751,311 |
|
|
|
5,058,790 |
|
| |
|
|
26,663,546 |
|
|
|
24,631,299 |
|
| Less: accumulated depreciation |
|
|
(12,886,874 |
) |
|
|
(7,130,916 |
) |
| Property and equipment, net |
|
$ |
13,776,672 |
|
|
$ |
17,500,383 |
|
Depreciation expense for the years ended December
31, 2023 and 2022, was $5,764,732 and $4,162,153, respectively.
|